Commercial Property

This is the part of real estate that deals with property that houses business operations such as offices and others.

Residential Property

Residential properties are popular property investments. They entail properties such as:

• Apartments
• Vacation houses
• Condos
• Family homes.

Vacant Land

This is the buying of vacant land on the fringe of re-zoned areas, in other words, known as the urban growth boundary. You buy vacant land, and when the area starts developing, you put profitable developments on it.

Land appreciates in value over time. This means that you can also buy land now to resell after a number of years at a higher value.

Industrial Properties

Industrial real estate involves investing in commercial properties meant for businesses. They encompass:

• Industrial warehouses
• Storage units
• Other facilities related to industries.

Retail Properties

Retail property investment involves building or buying properties design for retail businesses. They include:

• Storefronts
• Strip malls
• Shopping malls.

Mixed-Use Properties

Mixed-use properties combine all the categories mentioned above in a single project. In this case, you can invest in a development project that includes commercial, residential, retail, and vacant land, among others.

Conclusion

Investing in properties is one of the best decisions you can ever make in your life. If you want to accumulate wealth and be rich, consider investing in various sectors and in savings.

Using the old rule of thumb, the percentage of wealth that you should invest in stocks is 100 minus your age. For instance, if you’re 40 years old, you should keep 60% of your wealth in stocks.

Engaging in property investment is also another wise way of accumulating wealth. You can invest in different types of properties, ranging from residential to commercial to retail projects. You’re bound to enjoy your investment long-term.